There’s little cheer in the camp of international crop growers Monsanto (MON) and their feed suppliers Mosaic (MOS), Potash (POT) and other fertilizer makers, despite what seem generally favorable remarks from both corners this morning. Monsanto issued a press releasewith claimed independent crop-yield data for the nation showed the companies crop technologies offered an advantage over other growers in the amount of corn and soybean produced per acre.� Mosaic, meanwhile, this morning said at a Bank of America (BAC) conference that fertilizer prices remain economical for farmers, at about 20 bushels of corn needed to pay for one acre of fertilizer, which is good for fertilizer sales, and that population growth in China and India will keep farmers busy planting around the globe.
For all that, Monsanto stock just barely beating the S&P 500′s decline today, falling 52 cents, or .6%, to $82.92, and Mosaic falling 48 cents, or .8%, to $59.44. Fertilizer giant Bunge (BG) of White Plains, NY, is off $1.92, or 3%, at $63.16.
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